Valued Advisers Trust NPORT-P MDP Low Volatility Fund (Oct 2023 report)

MDP

Low

Volatility

Fund

Schedule

of

Investments

October

31,

2023

-

(Unaudited)

EXCHANGE-TRADED

FUNDS

—

93.14%

Shares

Fair

Value

SPDR®

S&P

500®

ETF

Trust

(a)(b)

1,800

$

752,760‌

Total

Exchange-Traded

Funds

(Cost $741,946)

752,760‌

Description

Number

of

Contracts

Notional

Amount

Exercise

Price

Expiration

Date

PUT

OPTIONS

PURCHASED

—

2.03%

SPDR®

S&P

500®

ETF

Trust

(c)

16‌

$

669,120

$

414.00

1/19/24

$

16,392‌

Total

Options

Purchased

(Cost

$16,733)

16,392‌

MONEY

MARKET

FUNDS

-

0.93%

Shares

Federated

Hermes

Government

Obligations

Fund

-

Institutional

Class,

5.22%

(d)

7,483

$

7,483‌

Total

Money

Market

Funds

(Cost

$7,483)

7,483‌

Total

Investments

—

96.10%

(Cost

$766,162)

776,635‌

Other

Assets

in

Excess

of

Liabilities — 3.90%

31,528‌

NET

ASSETS

—

100.00%

$

808,163‌

(a)

All

or

a

portion

of

the

security

is

held

as

collateral

for

written

options.

(b)

Represents

an

investment

greater

than

25%

of

the

Fund's

net

assets.

Performance

of

the

Fund

may

be

adversely

impacted

by

concentrated

investments

in

securities.

The

financial

statements

and

portfolio

holdings

for

these

securities

can

be

found

at

www.sec.gov.

As

of

October

31,

2023,

the

percentage

of

net

assets

invested

in

SPDR®

S&P

500®

ETF

Trust

was

93.14%

of

the

Fund.

(c)

Non-income

producing

security.

(d)

Rate

disclosed

is

the

seven

day

effective

yield

as

of

October

31,

2023.

ETF

-

Exchange-Traded

Fund

SPDR

-

Standard

&

Poor's

Depositary

Receipt

MDP

Low

Volatility

Fund

Schedule

of

Open

Written

Options

Contracts

October

31,

2023

-

(Unaudited)

Description

Number

of

Contracts

Notional

Amount

Exercise

Price

Expiration

Date

Fair

Value

WRITTEN

CALL

OPTIONS

—

(0.60)%

SPDR®

S&P

500®

ETF

Trust

(a)

(16)

$

(669,120‌)

$

435.00‌

12/15/23

$

(4,856‌)

WRITTEN

PUT

OPTIONS

—

(0.62)%

SPDR®

S&P

500®

ETF

Trust

(a)

(16)

(669,120‌)

394.00‌

12/15/23

(4,976‌)

Total

Written

Options

(Premiums

Received

$9,965)

$

(9,832‌)

(a)

Non-income

producing

security.